The proposed bill would update current statutes related to the government property lease excise tax (GPLET) by prohibiting the abatement of GPLET revenue designated for school districts, thereby ensuring that school districts receive their allocated funding. It would also require government lessors to maintain a public database of GPLET leases, which must include detailed information such as the county assessor's parcel number and the estimated property tax revenue foregone during the lease term. Additionally, the bill mandates that government lessors provide a current link to this database to the department and notify them when there are no active leases.

Moreover, the bill would expand notification requirements to include community college districts regarding proposed government property improvements and mandate that these notifications include estimates of foregone property tax revenue. Technical changes would also be made, including the requirement for the Arizona Department of Revenue to post annual GPLET tax return reports on its website. Overall, these updates aim to enhance transparency and accountability in the GPLET process while ensuring that school districts and community college districts are adequately informed and funded.

Statutes affected:
Introduced Version: 15-971, 42-6202, 42-6204, 42-6206, 42-6209, 15-947, 15-961, 41-1276, 15-447, 15-943, 15-973, 15-255, 15-904, 15-766, 15-767, 37-521, 42-5029, 42-5029.02, 35-173, 42-6208, 42-18053, 42-6203
Senate Engrossed Version: 42-6202, 42-6204, 42-6206, 42-6209, 42-6208, 42-18053, 42-6203